forex market
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forex market
The word revolution is less than what can be described as the forex market is now, where you definitely whether you're a watcher of the economy or not about who has won thousands of dollars of currency trading through the house, too!!!
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Re: forex market
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JULIANA- Posts : 12
Join date : 2010-04-05
Trade Forex based on Fundamental Analysis
The currency pairs of the Forex are subject to fundamental influences from around the globe. Economic news from any given country has the potential to send a ripple effect across a range of pairs with varying results depending on how the pairs are matched and the position of the impacted currency as the base or counter.
Remember that on the Forex, currencies are traded in pairs with exchange rates that fluctuate relative to the pairs. It may not be immediately apparent which currency in the pair is manifesting a weakening or strengthening relative to the other. When following a news event impacting a particular currency, observe if the pairs where that currency is the base are moving inversely to the pairs where it is the counter.
Remember that on the Forex, currencies are traded in pairs with exchange rates that fluctuate relative to the pairs. It may not be immediately apparent which currency in the pair is manifesting a weakening or strengthening relative to the other. When following a news event impacting a particular currency, observe if the pairs where that currency is the base are moving inversely to the pairs where it is the counter.
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